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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (16044)	3/26/1998 5:25:00 PM
From: Crossy	Respond to of 25960

Mr. Aloah - re: Japan fiscal package.. pls. don't think that financial markets are so stupid to actually belief in ANY beneficial effect of that "demand stimulus" package. This is business as usual. Instead of real structural reform - like the USA underwent it in the 80ies- Japan Inc. beliefs it can shortcut the difficult measures. In fact all this kind of temporary tax relief or supplementary budgets is not only in vain - it's pretty dangerous. The markets normally don't like that. Ever heard about rational expectations ? Economics is not that difficult - the failed schemes of the 70ies (Keynesian deficit spending) did not help the US and Europe when they put them in effect back then. It will neither do any good to Japan's problem today. Markets usually realize that need for structural reform. Deficit spending doesn't count as such.. regards CROSSY